{"id":10924,"date":"2023-06-23T16:00:01","date_gmt":"2023-06-23T09:00:01","guid":{"rendered":"https:\/\/belaws.com\/thailand\/?p=10924"},"modified":"2024-12-19T10:12:10","modified_gmt":"2024-12-19T03:12:10","slug":"obtaining-a-foreign-business-license","status":"publish","type":"post","link":"https:\/\/belaws.com\/thailand\/obtaining-a-foreign-business-license\/","title":{"rendered":"The Ultimate Guide to Obtaining a Foreign Business License in Thailand"},"content":{"rendered":"<section  class='av_textblock_section av-ks8kyyfa-e516bae24dd4ed4f78e7dedb0aea1067'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock breadcrumb'  itemprop=\"text\" >\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-18myty-919e5cb9f68131fb6240d9c12261edb4\">\n.av_font_icon.av-18myty-919e5cb9f68131fb6240d9c12261edb4 .av-icon-char{\nfont-size:11px;\nline-height:11px;\n}\n<\/style>\n<span  class='av_font_icon av-18myty-919e5cb9f68131fb6240d9c12261edb4 avia_animate_when_visible av-icon-style- avia-icon-pos-left av-no-color avia-icon-animate'><span class='av-icon-char' aria-hidden='true' data-av_icon='\ue874' data-av_iconfont='entypo-fontello' ><\/span><\/span>\n<div style=\"padding-left: 15px;\"><span class=\"\"><a href=\"https:\/\/belaws.com\/thailand\/\">Belaws Home<\/a> \u203a\u203a <a href=\"https:\/\/belaws.com\/thailand\/\">Thailand<\/a> \u203a\u203a <a href=\"https:\/\/belaws.com\/thailand\/blog\">Blog<\/a>\u00a0\u203a\u203a <\/span>The Ultimate Guide to Obtaining a Foreign Business License in Thailand<\/div>\n<\/div><\/section>\n<\/div><\/div><\/div><!-- close content main div --><\/div><\/div><div id='av_section_1'  class='avia-section av-re718-f933e9e3a470259eecd4d4692aaacea2 main_color avia-section-no-padding avia-no-border-styling  avia-builder-el-2  el_after_av_textblock  el_before_av_section  avia-bg-style-scroll container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-10924'><div class='entry-content-wrapper clearfix'>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-ksd27few-1f8c384e085c379baccb5abbe326157c\">\n#top .hr.hr-invisible.av-ksd27few-1f8c384e085c379baccb5abbe326157c{\nheight:100px;\n}\n<\/style>\n<div  class='hr av-ksd27few-1f8c384e085c379baccb5abbe326157c hr-invisible  avia-builder-el-3  el_before_av_one_half  avia-builder-el-first  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n<div class='flex_column av-gmj0k-ac56bb06b98c278ca7684f46c4d7723e av_one_half  avia-builder-el-4  el_after_av_hr  el_before_av_one_half  first av-break-at-tablet flex_column_div '   ><p><section  class='av_textblock_section av-kscys0p5-d0fe1da2549b5d38fb08e5d3e4dbc794'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock sur-titre_bleu'  itemprop=\"text\" ><p>legal<\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lra90-9ab3f8d48a81ed396ae07bbaafa596f6'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h1_bleu_post'  itemprop=\"text\" ><h1>Foreign Business License in Thailand &#8211; Ultimate Guide 2024<\/h1>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-b3jfo-03f63b84c9a76d84e1713c05a87923fd\">\n#top .hr.hr-invisible.av-b3jfo-03f63b84c9a76d84e1713c05a87923fd{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-b3jfo-03f63b84c9a76d84e1713c05a87923fd hr-invisible  avia-builder-el-7  el_after_av_textblock  el_before_av_textblock '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-kscyalj7-2ad25b68643e9517389c1de031001cff'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_18'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">23\/06\/2023<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-2mj4cc-546fb3795883e77cb448506a33b339b7'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_18'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Foreign-owned businesses looking to operate in Thailand often face various legal restrictions to what business activities they can undertake per the <a href=\"https:\/\/www.boi.go.th\/index.php?page=legal_issues_for_investors_01_foreign_business_act&amp;language=fr\" target=\"_blank\" rel=\"noopener\">Foreign Business Act (FBA)<\/a>. Obtaining a Foreign Business License (FBL) is important to ensure compliance and unlock business opportunities.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Foreign Business License is awarded to foreign companies and investors who wish to participate in sectors or industries typically restricted to Thai citizens under the Foreign Business Act. The need for an FBL arises from the desire of foreign companies to have majority ownership and avoid the requirement of having a Thai partner.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In this guide, we will navigate the intricate process of obtaining a Foreign Business License in Thailand and shed light on the key requirements and procedures involved.\u00a0<\/span><\/p>\n<\/div><\/section><\/p><\/div><div class='flex_column av-bmm5w-737f28be9bb008277e27311ae0eaf479 av_one_half  avia-builder-el-10  el_after_av_one_half  avia-builder-el-last  av-break-at-tablet flex_column_div '   ><style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-kscy8en7-cdcdb8697e82503a65bd2bf876e77b86\">\n.avia-image-container.av-kscy8en7-cdcdb8697e82503a65bd2bf876e77b86 .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-kscy8en7-cdcdb8697e82503a65bd2bf876e77b86 av-styling- avia-align-center  avia-builder-el-11  avia-builder-el-no-sibling  radius_10 img'  itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" class='wp-image-10925 avia-img-lazy-loading-not-10925 avia_image' src=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2023\/06\/The-Ultimate-Guide-to-Obtaining-a-Foreign-Business-License-in-Thailand.png\" alt='Investment opportunities in Thailand' title='Investment opportunities in Thailand'  height=\"800\" width=\"990\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2023\/06\/The-Ultimate-Guide-to-Obtaining-a-Foreign-Business-License-in-Thailand.png 990w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2023\/06\/The-Ultimate-Guide-to-Obtaining-a-Foreign-Business-License-in-Thailand-600x485.png 600w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2023\/06\/The-Ultimate-Guide-to-Obtaining-a-Foreign-Business-License-in-Thailand-300x242.png 300w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2023\/06\/The-Ultimate-Guide-to-Obtaining-a-Foreign-Business-License-in-Thailand-768x621.png 768w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2023\/06\/The-Ultimate-Guide-to-Obtaining-a-Foreign-Business-License-in-Thailand-15x12.png 15w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2023\/06\/The-Ultimate-Guide-to-Obtaining-a-Foreign-Business-License-in-Thailand-495x400.png 495w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2023\/06\/The-Ultimate-Guide-to-Obtaining-a-Foreign-Business-License-in-Thailand-845x684.png 845w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2023\/06\/The-Ultimate-Guide-to-Obtaining-a-Foreign-Business-License-in-Thailand-705x570.png 705w\" sizes=\"(max-width: 990px) 100vw, 990px\" \/><\/div><\/div><\/div><\/div><\/div><\/div><\/div><!-- close content main div --><\/div><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-kscyoqk4-666a58ff317ddf61a5914fb400fd87f4\">\n.avia-section.av-kscyoqk4-666a58ff317ddf61a5914fb400fd87f4{\nbackground-color:#fafafa;\n}\n<\/style>\n<div id='av_section_2'  class='avia-section av-kscyoqk4-666a58ff317ddf61a5914fb400fd87f4 main_color avia-section-default avia-no-border-styling  avia-builder-el-12  el_after_av_section  el_before_av_section  avia-bg-style-scroll container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-10924'><div class='entry-content-wrapper clearfix'>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-ksd2ivxm-023071e5c33e5c283329416739e1beb3\">\n#top .hr.hr-invisible.av-ksd2ivxm-023071e5c33e5c283329416739e1beb3{\nheight:60px;\n}\n<\/style>\n<div  class='hr av-ksd2ivxm-023071e5c33e5c283329416739e1beb3 hr-invisible  avia-builder-el-13  el_before_av_two_third  avia-builder-el-first  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n<div class='flex_column av-fpevw-aab8acce1826d370629f645f34d6bd3b av_two_third  avia-builder-el-14  el_after_av_hr  el_before_av_one_third  first av-break-at-tablet flex_column_div '   ><style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lb329d7d-3f950f02b294bfa39eeb1b805d8d23d3\">\n#top .av_textblock_section.av-lb329d7d-3f950f02b294bfa39eeb1b805d8d23d3 .avia_textblock{\ncolor:#ffffff;\n}\n<\/style>\n<section  class='av_textblock_section av-lb329d7d-3f950f02b294bfa39eeb1b805d8d23d3'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock post_text_highlighting av_inherit_color'  itemprop=\"text\" ><p style=\"text-align: left;\">Key points<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Foreign businesses operating in Thailand must obtain a Foreign Business License (FBL) if undertaking one of the 50 restricted business activities to comply with the Foreign Business Act (FBA).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The FBL allows foreign companies to engage in business activities typically restricted to Thai companies.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Business activities are categorized into List 1 (strictly prohibited), List 2 (related to national safety and culture), and List 3 (affecting Thai competitiveness) under the FBA.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Examples of businesses requiring an FBL include retail\/wholesale (exemption available for companies with at least 100 million THB of registered capital), hospitality\/tourism, restaurants\/food services, education\/training, real estate\/property development, telecommunications\/broadcasting, legal\/accounting services, healthcare\/medical services, advertising\/media agencies, and security services.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The application process involves initial consultation, document preparation, submission, review, departmental approval, licence issuance, compliance, and reporting.<\/span><\/li>\n<\/ul>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-kscytnto-6f8bd4ca8aa4b5f4311495ee3b7802c6'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>What is the Foreign Business License (FBL)?<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-8ohy4-ba2bc652f51fc02aca7b4faa3ec86cd2'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">A Foreign Business License (FBL) is a licence awarded to foreign companies or investors intending to engage in business activities typically restricted to Thai companies under the Foreign Business Act. The FBL allows foreign businesses to operate legally in Thailand and participate in certain industries or sectors otherwise limited to Thai citizens.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The FBL is required to ensure compliance with Thai laws and regulations regarding foreign investment and business activities. It proves the foreign company has obtained the necessary permission and authorization to operate in the country&#8217;s specific business sectors or industries.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lj6j03tu-2fae232ece733cb6485e5ccbbc467ac0'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Under the Foreign Business Act, approximately 50 business activities are restricted to foreign businesses. If a business wishes to undertake one of these activities, foreign ownership of a limited company is capped at a maximum of 49.99% (unless an FBL or a BOI promotion has been obtained). If a foreigner owns 50% or more of the shares of a company, it is considered a foreign company. Companies with Thai shareholders who own over 50% of the shares are considered Thai companies and are not subject to the restrictions of the FBA.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">By obtaining an FBL, foreign businesses can navigate legal restrictions, access restricted industries, tap into new business opportunities, and comply with Thai regulations. It is essential for foreign companies seeking to establish and operate a business presence in Thailand.<\/span><\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-893pgz-417cf0891102d15fa8bff673921feb47\">\n#top .hr.hr-invisible.av-893pgz-417cf0891102d15fa8bff673921feb47{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-893pgz-417cf0891102d15fa8bff673921feb47 hr-invisible  avia-builder-el-19  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-gfh9xy-e0bde1d55d8468f28ed18b9996433e48'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>Do all business structures in Thailand require a Foreign Business Licence for restricted activities?<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-dksn8m-8a3788d84dfb83d2abe7e575458a98c8'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Companies that receive a BOI promotion can apply for a Foreign Business Certificate. As mentioned, the FBA restricts foreigners or foreign-owned companies from undertaking over 50 categories of business activities in Thailand; however, having a Foreign Business Certificate removes this restriction, and the company can undertake such activities.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In practice, all BOI-promoted companies who apply will be granted a Foreign Business Certificate.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Furthermore, BOI-promoted companies can operate as 100% foreign-owned entities, enabling them to operate businesses in Thailand as foreign-owned businesses and undertake restricted activities.<\/span><\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-bxixyu-13a47cec5e18968dc4f6c3e10a93cecf\">\n#top .hr.hr-invisible.av-bxixyu-13a47cec5e18968dc4f6c3e10a93cecf{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-bxixyu-13a47cec5e18968dc4f6c3e10a93cecf hr-invisible  avia-builder-el-22  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-nezvns-0a38283e543d69061143fab36feefe51'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>Understanding the Categories of Business Restrictions<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lj6j3crx-5004785f068ee0c611719dc2db82795f'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">The Foreign Business Act (FBA) categorizes business activities into three lists, each with its own set of restrictions:<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lj6j3in9-7a41132d7e1f35bfcff5fddd09cf62aa'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><b><i>List 1: Restricted Businesses<\/i><\/b><\/p>\n<p><span style=\"font-weight: 400;\">List 1 comprises businesses that are strictly prohibited to foreigners. Engaging in these activities without proper permission is a violation of Thai law.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lj6j3oin-24109ee58fa24d547d748f2ce44291d4'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><b><i>List 2: Businesses Related to National Safety and Culture<\/i><\/b><\/p>\n<p><span style=\"font-weight: 400;\">List 2 covers businesses that impact national safety, security, arts, culture, traditions, customs, folklore, handicrafts, natural resources, and the environment. Foreigners may operate businesses falling under this list only if permission is granted by the Minister of the Ministry of Commerce with the approval of the Cabinet.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lj6j3twy-0fac34e6bc87dc9dea5b9ef6ef25be92'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><b><i>List 3: Businesses Affecting Thai Competitiveness<\/i><\/b><\/p>\n<p><span style=\"font-weight: 400;\">List 3 includes businesses where Thai nationals are not ready to compete with foreigners. Similar to List 2, foreigners can operate businesses under List 3 only if permission is granted by the Director-General of the Department of Business Development with the approval of the Committee.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lj6j3zmd-7306564030087dfb6c0a183567a29541'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">It is important to note that engaging in business activities under List 1 requires explicit permission, while Lists 2 and 3 allow for potential approval based on specific circumstances.<\/span><\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-22w1f2b-5f8fc04ecaa3dfcf7251f6e2c5fd6c14\">\n#top .hr.hr-invisible.av-22w1f2b-5f8fc04ecaa3dfcf7251f6e2c5fd6c14{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-22w1f2b-5f8fc04ecaa3dfcf7251f6e2c5fd6c14 hr-invisible  avia-builder-el-29  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-lj6j4n38-cc9da8280fa977b3ab90366def95947a'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>What are some business activities that require a Foreign Business License?<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lj6j4u91-8300685ff1a0730aff543d49be0a1040'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">In Thailand, certain business activities are regulated under the Foreign Business Act (FBA), which requires foreign businesses to obtain a foreign business license to operate legally. Here are some examples of business activities that <\/span><span style=\"font-weight: 400;\">generally cannot be undertaken by foreign-owned companies unless an FBL has been obtained<\/span><span style=\"font-weight: 400;\">:<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lj6tek1q-d9ed79da14ca8e9514b16b0dd17a4b19'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><b><i>Retail and Wholesale Businesses:<\/i><\/b><span style=\"font-weight: 400;\"> Foreign-owned retail and wholesale businesses, including department stores, convenience stores, supermarkets, and specialty stores, generally require a foreign business licence. It is important to note, should a retail or wholesale business have a registered company capital of at least 100,000,000 THB, they are exempt from the requirement to have a FBL.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lj6teqoi-480e93e345bbff033795c94a249130ca'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><b><i>Hospitality and Tourism Businesses:<\/i><\/b> <span style=\"font-weight: 400;\">Hotels, resorts, guesthouses, travel agencies, tour operators, and other tourism-related businesses operated by foreign individuals or companies usually require a foreign business licence.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lj6texz4-cc814defbfbb454b4ac0252240402905'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><b><i>Restaurant and Food Services:<\/i><\/b> <span style=\"font-weight: 400;\">Foreign-owned restaurants, cafes, bars, and food service establishments may require a foreign business licence, especially if they serve alcohol.<\/span><\/p>\n<p><b><i>Education and Training Institutions:<\/i><\/b><span style=\"font-weight: 400;\"> Foreign-owned schools, language centres, training institutes, and educational institutions often require a foreign business licence.<\/span><\/p>\n<p><b><i>Real Estate and Property Development:<\/i><\/b><span style=\"font-weight: 400;\"> Foreign-owned companies engaged in real estate development, property management, property rental, or property brokerage typically require a foreign business licence.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lj6tf5ti-75cce4da96abee5d24bb921d0f390e0c'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><b><i>Telecommunications and Broadcasting:<\/i><\/b><span style=\"font-weight: 400;\"> Foreign-owned telecommunications companies, internet service providers, satellite operators, cable TV operators, and broadcasting businesses usually require a foreign business licence.<\/span><\/p>\n<p><b><i>Legal and Accounting Services:<\/i><\/b><span style=\"font-weight: 400;\"> Foreign-owned law firms, accounting firms, and legal consultancy services require a foreign business licence to provide professional services in Thailand.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lj6tfiq5-8a92e28b92d1f2c178afe15b9158fac2'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><b><i>Healthcare and Medical Services:<\/i><\/b><span style=\"font-weight: 400;\"> Foreign-owned hospitals, clinics, medical facilities, and healthcare service providers often require a foreign business licence.<\/span><\/p>\n<p><b><i>Advertising and Media Agencies:<\/i><\/b> <span style=\"font-weight: 400;\">Foreign-owned advertising agencies, media production companies, marketing agencies, and public relations firms may require a foreign business licence.<\/span><\/p>\n<p><b><i>Security Services:<\/i><\/b><span style=\"font-weight: 400;\"> Foreign-owned security service providers, including private security companies, require a foreign business licence to operate legally.<\/span><\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-1lijewz-2a041c44097b94d36e29a372daba94e5\">\n#top .hr.hr-invisible.av-1lijewz-2a041c44097b94d36e29a372daba94e5{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-1lijewz-2a041c44097b94d36e29a372daba94e5 hr-invisible  avia-builder-el-37  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-lj6j53zz-73880c506dafcd0c4aeecc2aa16cf400'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>What are the Required Qualifications for the Foreign Business License Application?<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lj6j5b66-7f6de61ab45ac0c9bb35e1de8df0a487'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">To be eligible for a Foreign Business License (FBL), foreign companies must meet certain qualifications and satisfy specific criteria:<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lj6j5hls-d810bae73f2a906d54471611d5b7641f'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><b><i>Legal Record:<\/i><\/b><span style=\"font-weight: 400;\"> The applicant must not have been punished by a court judgement or ordered to pay a fine for offenses under the Foreign Business Act or related regulations unless discharged for at least five years prior to the license application.<\/span><\/p>\n<p><b>Previous Licence Revocation: <\/b><span style=\"font-weight: 400;\">The applicant must not have had a licence issued under the Foreign Business Act or related regulations revoked within the preceding five years.<\/span><\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-16y4tab-26a65b9770d19096fbcb5bbb403acc86\">\n#top .hr.hr-invisible.av-16y4tab-26a65b9770d19096fbcb5bbb403acc86{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-16y4tab-26a65b9770d19096fbcb5bbb403acc86 hr-invisible  avia-builder-el-41  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-ocvg6b-c1febb27267ef356a4d98f6bac53c5de'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>What is the Process of Obtaining a Foreign Business License (FBL)?<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lj6tgtxv-7da2fa1947d94b64ea5c54952e15a654'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">The Thai Foreign Business License application process can be lengthy and complex. It is advisable to seek professional guidance and consult with experts familiar with the intricacies of the process. Let&#8217;s explore the general steps involved in obtaining an FBL:<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lj6th369-1dd1e03b66e41e310e1c58da1c45869e'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><b><i>Initial Consultation:<\/i><\/b><span style=\"font-weight: 400;\"> Before initiating the application process, it is recommended to consult with a reputable law firm or consulting agency specialising in FBL applications. These professionals can provide valuable insights and guide you through the process.<\/span><\/p>\n<p><b><i>Document Preparation:<\/i><\/b><span style=\"font-weight: 400;\"> Before applying, gather all necessary documents, including company incorporation documents, financial statements, shareholding structure, business plan, and any additional supporting materials required by the Foreign Licensing Department.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lj6theoi-fc91729555fa5a5741f4c0b9730e71ea'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><b><i>Application Submission:<\/i><\/b><span style=\"font-weight: 400;\"> Submit the completed application and the required documents to the Foreign Licensing Department of the Ministry of Commerce in Thailand. Ensure that the application is accurate, complete, and adheres to the guidelines provided by the department.<\/span><\/p>\n<p><b><i>Application Review:<\/i><\/b><span style=\"font-weight: 400;\"> The Foreign Licensing Department will review the application and supporting documentation to determine its compliance with the Foreign Business Act and related regulations. This review process may take several months, and it is crucial to be patient during this stage.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lj6thl7x-eafa4215e307ce45f22714e798dad44e'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><b><i>Departmental Approval:<\/i><\/b><span style=\"font-weight: 400;\"> If the application meets all requirements, it will proceed to the approval stage within the department. The department will evaluate the application based on its merits and decide on issuing the Foreign Business License.<\/span><\/p>\n<p><b><i>License Issuance:<\/i><\/b><span style=\"font-weight: 400;\"> Upon approval, the Foreign Business License will be issued, allowing the foreign company or investor to engage in the specified business activities in Thailand. The license typically includes detailed information about the permitted business activities, duration, and any additional conditions or restrictions.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lj6thr8z-31ddd74949d7afaf0488334c7a1c93b3'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><b><i>Compliance and Reporting:<\/i><\/b> <span style=\"font-weight: 400;\">After obtaining the Foreign Business License, the licensee must comply with the conditions outlined in the license and fulfil any ongoing reporting requirements mandated by the Foreign Licensing Department. Maintaining regular communication with the department and ensuring continuous compliance with Thai laws and regulations is essential.<\/span><\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-1qpjo18-9070e4e3a2acfe134b31605bf53ca8c3\">\n#top .hr.hr-invisible.av-1qpjo18-9070e4e3a2acfe134b31605bf53ca8c3{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-1qpjo18-9070e4e3a2acfe134b31605bf53ca8c3 hr-invisible  avia-builder-el-48  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-lj6ti284-498c87eef05436131206e3d3db281a86'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>What are the Benefits of Obtaining a Foreign Business License (FBL)?<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lj6tiehw-a6fb573f1ef8b2c4ee5754e639c2925c'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Acquiring a Foreign Business License in Thailand offers numerous benefits for foreign businesses and investors, including:<\/span><\/p>\n<p><b><i>Legal Compliance: <\/i><\/b><span style=\"font-weight: 400;\">Operating a business without the necessary licences or permissions can lead to severe penalties, fines, and even imprisonment. A FBL also mitigates the need to have Thai partners owning over 50% of the shares in the company. Another advantage is that the risk of the Thai shareholders being deemed Thai nominees is removed. Obtaining an FBL ensures legal compliance and mitigates the risk of legal consequences.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lj6timou-dcc49a7bad8296355c1133141157a3e4'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><b><i>Access to Restricted Industries:<\/i><\/b><span style=\"font-weight: 400;\"> Certain industries in Thailand are restricted or reserved for Thai nationals. By obtaining an FBL, foreign businesses can access these industries and tap into new business opportunities.<\/span><\/p>\n<p><b><i>Enhanced Credibility:<\/i><\/b><span style=\"font-weight: 400;\"> Holding a valid Foreign Business License demonstrates credibility and legitimacy in the eyes of customers, partners, and government authorities. It enhances the company&#8217;s reputation and can foster trust among stakeholders.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lj6tivbo-d8d533fea7dbdc130a34a44a6b271403'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><b><i>Expanded Market Reach:<\/i><\/b> <span style=\"font-weight: 400;\">With an FBL, foreign businesses can operate and expand their operations in Thailand, thereby accessing the country&#8217;s vibrant and growing market. This opens up new avenues for revenue generation and business growth.<\/span><\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-16qklws-0ebf42966b64983d9b1c47ef19c01642\">\n#top .hr.hr-invisible.av-16qklws-0ebf42966b64983d9b1c47ef19c01642{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-16qklws-0ebf42966b64983d9b1c47ef19c01642 hr-invisible  avia-builder-el-53  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-p3s8q4-78f044bd2b48e698d42c522b0d68301f'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>How can Belaws help?<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-piq7pq-352ad1978fbef97bedc9d4eca64dbbcb'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p>For more information about foreign business licences in Thailand, why not talk to one of our experts now?<\/p>\n<\/div><\/section><br \/>\n<div  class='avia-button-wrap avia-button-left  avia-builder-el-56  el_after_av_textblock  el_before_av_textblock  bouton-cta' ><a href=\"https:\/\/wa.me\/+66636955945\" class=\"avia-button av-2rocsm-ad93c683973fd17f09fcd73d6f5e78e0 avia-icon_select-yes-right-icon avia-size-large avia-position-left avia-color-theme-color\" target=\"_blank\" rel=\"noopener noreferrer\"><span class='avia_iconbox_title' >Talk to an expert<\/span><span class='avia_button_icon avia_button_icon_right' aria-hidden='true' data-av_icon='\uf232' data-av_iconfont='entypo-fontello'><\/span><\/a><\/div><br \/>\n<section  class='av_textblock_section av-202agu-c2abc468d489a64dbd7aa9abcb6a5ea1'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p>If you want to learn more about how our experts can help with your accounting and secretary needs, please click\u00a0<a href=\"https:\/\/belaws.com\/thailand\/accounting-secretary\/\" target=\"_blank\" rel=\"noopener\">here<\/a>. For more details about our incorporation services, please click<a href=\"https:\/\/belaws.com\/thailand\/incorporation\/\" target=\"_blank\" rel=\"noopener\">\u00a0here.<\/a><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-q93pwe-6d5bb40d417741c03ce1e2231424ffaa'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><em>Please note that this article is for information purposes only and <strong>does not constitute legal advice<\/strong>.<\/em><\/p>\n<\/div><\/section><br \/>\n<div  class='av-social-sharing-box av-l4rstf25-09aa8edfee9bfff0c66b62d8ea68b23c av-social-sharing-box-default  avia-builder-el-59  el_after_av_textblock  el_before_av_hr  av-social-sharing-box-fullwidth'><div class=\"av-share-box\"><h5 class='av-share-link-description av-no-toc '>Share this post<\/h5><ul class=\"av-share-box-list noLightbox\"><li class='av-share-link av-social-link-facebook' 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class=\"hr-inner-style\"><\/span><\/span><\/div><\/p><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-azojo-95a6cdc47544d93547673088060aaac2\">\n.flex_column.av-azojo-95a6cdc47544d93547673088060aaac2{\nborder-radius:0px 0px 0px 0px;\n-webkit-border-radius:0px 0px 0px 0px;\n-moz-border-radius:0px 0px 0px 0px;\npadding:0px 30px 30px 30px;\nbackground-color:#fafafa;\n}\n<\/style>\n<div class='flex_column av-azojo-95a6cdc47544d93547673088060aaac2 av_one_third  avia-builder-el-61  el_after_av_two_third  avia-builder-el-last  Sticky_CTA av-break-at-tablet flex_column_div '   ><p>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-kslkbhig-edfbb769ec414c16ec07823d03873c46\">\n#top .hr.hr-invisible.av-kslkbhig-edfbb769ec414c16ec07823d03873c46{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-kslkbhig-edfbb769ec414c16ec07823d03873c46 hr-invisible  avia-builder-el-62  el_before_av_hr  avia-builder-el-first  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-ksln7w2o-0134baf1cb7e03e415e0a9e1a2577174\">\n#top .hr.hr-invisible.av-ksln7w2o-0134baf1cb7e03e415e0a9e1a2577174{\nheight:80px;\n}\n<\/style>\n<div  class='hr av-ksln7w2o-0134baf1cb7e03e415e0a9e1a2577174 hr-invisible  avia-builder-el-63  el_after_av_hr  el_before_av_image  av-desktop-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-kslkhjve-8c8ee134c41362396d999ba57461f7e1\">\n.avia-image-container.av-kslkhjve-8c8ee134c41362396d999ba57461f7e1 .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-kslkhjve-8c8ee134c41362396d999ba57461f7e1 av-styling- avia-align-center  avia-builder-el-64  el_after_av_hr  el_before_av_hr  radius_10 img'  itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><a href=\"https:\/\/calendly.com\/belaws\/legalthailand?utm_source=belaws&amp;utm_medium=website&amp;utm_content=thailand-immediate-consultation&amp;month=2022-09\" class=\"avia_image\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" class='wp-image-6668 avia-img-lazy-loading-not-6668 avia_image' src=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/04\/Immediate-Consultation-300x242.png\" alt='Immediate Consultation' title='Immediate Consultation'  height=\"242\" width=\"300\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/04\/Immediate-Consultation-300x242.png 300w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/04\/Immediate-Consultation-600x485.png 600w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/04\/Immediate-Consultation-768x621.png 768w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/04\/Immediate-Consultation-495x400.png 495w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/04\/Immediate-Consultation-845x684.png 845w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/04\/Immediate-Consultation.png 990w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/04\/Immediate-Consultation-705x570.png 705w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><\/div><\/div><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-ksll297i-ac8feca4576cdd5bdd6e22d214756788\">\n#top .hr.hr-invisible.av-ksll297i-ac8feca4576cdd5bdd6e22d214756788{\nheight:25px;\n}\n<\/style>\n<div  class='hr av-ksll297i-ac8feca4576cdd5bdd6e22d214756788 hr-invisible  avia-builder-el-65  el_after_av_image  el_before_av_button '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<div  class='avia-button-wrap avia-button-center  avia-builder-el-66  el_after_av_hr  el_before_av_hr  bouton-cta' ><a href=\"https:\/\/calendly.com\/vbapartners\/legalconsultation\" class=\"avia-button av-j4oxcr-e0ea6afbeeb7bdc081b7ce55f0ab0b6f avia-icon_select-yes-right-icon avia-size-large avia-position-center avia-color-theme-color\" target=\"_blank\" rel=\"noopener noreferrer\"><span class='avia_iconbox_title' >Book now<\/span><span class='avia_button_icon avia_button_icon_right' aria-hidden='true' data-av_icon='\ue871' data-av_iconfont='entypo-fontello'><\/span><\/a><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-1xgc7i-1f7cbfe8fdc424141cc6b6f218a09d50\">\n#top .hr.hr-invisible.av-1xgc7i-1f7cbfe8fdc424141cc6b6f218a09d50{\nheight:25px;\n}\n<\/style>\n<div  class='hr av-1xgc7i-1f7cbfe8fdc424141cc6b6f218a09d50 hr-invisible  avia-builder-el-67  el_after_av_button  el_before_av_textblock '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-p84k-4017eaf9b1649a60b0ff810854b78620'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_14'  itemprop=\"text\" ><p>Our consultations last for a period of up to 1 hour and are conducted by expert Lawyers who are fluent in English, French and Thai.<\/p>\n<p>Consultations can be hosted via WhatsApp or Video Conferencing software for your convenience. A consultation with one of our legal experts is undoubtedly the best way to get all the information you need and answer any questions you may have about your new business or project.<\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-kslm1kpi-e6d522183c5eda06f320ce62b63c40c6\">\n#top .hr.hr-invisible.av-kslm1kpi-e6d522183c5eda06f320ce62b63c40c6{\nheight:15px;\n}\n<\/style>\n<div  class='hr av-kslm1kpi-e6d522183c5eda06f320ce62b63c40c6 hr-invisible  avia-builder-el-69  el_after_av_textblock  el_before_av_codeblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<br \/>\n<br \/>\n<br \/>\n<br \/>\n<\/p><\/div>\n<\/p>\n<\/div><\/div><\/div><!-- close content main div --><\/div><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-l8ctxpd9-095dc0c75aa2de5329ec8b624b867e69\">\n.avia-section.av-l8ctxpd9-095dc0c75aa2de5329ec8b624b867e69{\nbackground-color:#dfeef6;\n}\n<\/style>\n<div id='av_section_3'  class='avia-section av-l8ctxpd9-095dc0c75aa2de5329ec8b624b867e69 main_color avia-section-default avia-no-border-styling  avia-builder-el-75  el_after_av_section  el_before_av_one_full  avia-bg-style-scroll container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-10924'><div class='entry-content-wrapper clearfix'>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-fyhro1-0cf30a10ffa966a21c55aed6dcf53641\">\n#top .hr.hr-invisible.av-fyhro1-0cf30a10ffa966a21c55aed6dcf53641{\nheight:50px;\n}\n<\/style>\n<div  class='hr av-fyhro1-0cf30a10ffa966a21c55aed6dcf53641 hr-invisible  avia-builder-el-76  el_before_av_textblock  avia-builder-el-first  av-desktop-hide av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n<section  class='av_textblock_section av-e8bwe9-42a5aa99fe46b76eb6bea8fd40de44ad'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h3_bleu'  itemprop=\"text\" ><h3 style=\"text-align: left;\">Frequently asked questions<\/h3>\n<\/div><\/section>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-37pzrl-0e2130f093209067c90d3f6b04c2d251\">\n#top .hr.hr-invisible.av-37pzrl-0e2130f093209067c90d3f6b04c2d251{\nheight:50px;\n}\n<\/style>\n<div  class='hr av-37pzrl-0e2130f093209067c90d3f6b04c2d251 hr-invisible  avia-builder-el-78  el_after_av_textblock  el_before_av_toggle_container  av-desktop-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n<div  class='togglecontainer av-lj25sffl-dd232bcedc8112dc12f1cfdd6bc2bc82  avia-builder-el-79  el_after_av_hr  avia-builder-el-last  av-accordion-style-2 toggle_close_all'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/FAQPage\" >\n<section class='av_toggle_section av-lj25qa0p-050abd6ef6370ae21cb99e303dc9cce5'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-1' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-1'>What are the two primary types of shares available for companies in Thailand?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-1' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>The two primary types of shares in Thailand are ordinary shares and preference shares.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-lj25qlym-53d7bfe7fc02fc899b1052c6715621f6'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-2' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-2'>What rights do ordinary shareholders have in a company?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-2' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>Ordinary shareholders have the right to attend general meetings, exercise one voting right per share owned, and receive a share of profits proportionate to the amount paid for each fully paid share.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-lj25qwbz-5ec26589a3ec6a25a462adc14f1959d0'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-3' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-3'>What rights do preference shareholders have in a company?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-3' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>Preference shareholders have the right to attend annual general meetings, priority rights to receive dividends, and their voting rights may be the same as, less than, or greater than those of ordinary shareholders, as specified in the company&#8217;s articles of association.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-lj25r6lc-4c35b957c5a5f72db882ec5ec9847a80'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-4' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-4'>Can preference shares be canceled once issued?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-4' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>Preference shares cannot be canceled unless a capital decrease is performed.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-lj25rh6s-ef5349ecb209521d0aff4e602f20384f'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-5' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-5'>Are nominee shares allowed in Thailand?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-5' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>No, the use of nominee shares is illegal in Thailand under The Foreign Business Act (FBA).<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-lj25rt4l-bc003e38317e2b1676ecb7b57704584d'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-6' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-6'>Can ordinary shares be transferred in a company?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-6' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>Yes, ordinary shares can be transferred, and certain requirements must be met for a share transfer to be legally recognized.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-lj25s3l0-3a34e1988ddf9bd0f13eddf9297d0d99'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-7' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-7'>What is required for a valid share transfer of ordinary shares?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-7' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>A share transfer instrument must be documented in writing, signed by the transferor and transferee, attested by at least one witness, and the transferee&#8217;s name and address must be recorded in the shareholder&#8217;s register.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-lj25sexr-b926935f7f6b61959e6e9a2c04e038a8'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-8' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-8'>What are share certificates in Thailand?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-8' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>Share certificates are issued by Private Limited companies in Thailand upon completion of a share transfer. They contain the company seal and include details such as the company name, number of shares, amount paid on each share, and the shareholder&#8217;s name or a statement indicating issuance to a bearer.<\/p>\n<\/div><\/div><\/div><\/section>\n<\/div>\n<\/div><\/div><\/div><!-- close content main div --><\/div><\/div><div id='after_section_3'  class='main_color av_default_container_wrap container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-10924'><div class='entry-content-wrapper clearfix'>\n<div class='flex_column av-qqtyiz-0d401a2ec3b1be9fe8b6b4ff052340e0 av_one_full  avia-builder-el-80  el_after_av_section  el_before_av_section  avia-builder-el-no-sibling  first flex_column_div '   ><section  class='av_textblock_section av-2jjczv-f8cba9213d57d135389f2377189c4f87'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>Related articles<\/h2>\n<\/div><\/section><br \/>\n<div id='av-masonry-1' class='av-masonry av-2fkee3-133dd75036f55971520b4b95c617589e noHover av-flex-size av-large-gap av-hover-overlay-active av-masonry-animation-active av-masonry-col-3 av-caption-always av-caption-style- av-masonry-entries '><div class=\"av-masonry-container isotope av-js-disabled\"><div class='av-masonry-entry isotope-item av-masonry-item-no-image '><\/div><a href=\"https:\/\/belaws.com\/thailand\/sponsored-work-permit-in-thailand\/\" id=\"av-masonry-1-item-7458\" data-av-masonry-item=\"7458\" class=\"av-masonry-entry isotope-item post-7458 post type-post status-publish format-standard has-post-thumbnail hentry category-visa category-news category-thailand tag-visa-thailand  av-masonry-item-with-image\" title=\"Sponsored Work Permits in Thailand\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\"><div class='av-inner-masonry-sizer'><\/div><figure class='av-inner-masonry main_color'><div class=\"av-masonry-outerimage-container\"><div class='av-masonry-image-container'   ><img decoding=\"async\" width=\"705\" height=\"570\" class=\"wp-image-7462 avia-img-lazy-loading-not-7462\"  src=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/06\/PEO-Article-705x570.png\" title=\"Sponsored Work Permits in Thailand\" alt=\"Sponsored Work Permit in Thailand\" srcset=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/06\/PEO-Article-705x570.png 705w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/06\/PEO-Article-600x485.png 600w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/06\/PEO-Article-300x242.png 300w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/06\/PEO-Article-768x621.png 768w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/06\/PEO-Article-495x400.png 495w, 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jonathan<\/span><\/span><\/div><\/div><\/figcaption><\/figure><\/a><!--end av-masonry entry--><a href=\"https:\/\/belaws.com\/thailand\/boi-thailand-approves-new-investment-schemes\/\" id=\"av-masonry-1-item-7528\" data-av-masonry-item=\"7528\" class=\"av-masonry-entry isotope-item post-7528 post type-post status-publish format-standard has-post-thumbnail hentry category-blockchain tag-boi tag-boi-thailand  av-masonry-item-with-image\" title=\"boi visa &#038; work permit thailand BOI approves new investment schemes in Thailand\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\"><div class='av-inner-masonry-sizer'><\/div><figure class='av-inner-masonry main_color'><div class=\"av-masonry-outerimage-container\"><div class='av-masonry-image-container'   ><img decoding=\"async\" width=\"705\" height=\"570\" class=\"wp-image-7531 avia-img-lazy-loading-not-7531\"  src=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/06\/BOI-Investment-705x570.png\" title=\"boi visa &#038; work permit thailand BOI approves new investment schemes in Thailand\" alt=\"boi visa &amp; work permit thailand BOI approves new investment schemes in Thailand\" srcset=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/06\/BOI-Investment-705x570.png 705w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/06\/BOI-Investment-600x485.png 600w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/06\/BOI-Investment-300x242.png 300w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/06\/BOI-Investment-768x621.png 768w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/06\/BOI-Investment-495x400.png 495w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/06\/BOI-Investment-845x684.png 845w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/06\/BOI-Investment.png 990w\" sizes=\"(max-width: 705px) 100vw, 705px\" \/><\/div><\/div><figcaption class='av-inner-masonry-content site-background'><div class='av-inner-masonry-content-pos'><div class='av-inner-masonry-content-pos-content'><div class='avia-arrow'><\/div><h3 class='av-masonry-entry-title entry-title '  itemprop=\"headline\" >BOI approves new investment schemes in Thailand<\/h3><div class='av-masonry-entry-content entry-content'  itemprop=\"text\" >21\/06\/2022<br \/>\r\nBOI Thailand approves new investment schemes and incentives worth 209.5 billion baht (US 6.2 billion).<\/div><span class='av-masonry-date meta-color updated'>June 21, 2022<\/span><span class=\"av-masonry-text-sep text-sep-author\">\/<\/span><span class='av-masonry-author meta-color author'><span class='fn'>by jonathan<\/span><\/span><\/div><\/div><\/figcaption><\/figure><\/a><!--end av-masonry entry--><a href=\"https:\/\/belaws.com\/thailand\/work-from-home-amendment\/\" id=\"av-masonry-1-item-8310\" data-av-masonry-item=\"8310\" class=\"av-masonry-entry isotope-item post-8310 post type-post status-publish format-standard has-post-thumbnail hentry category-legal tag-thailand  av-masonry-item-with-image\" title=\"Thailand is considering a new Labor law for Work-from-Home arrangements\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\"><div class='av-inner-masonry-sizer'><\/div><figure class='av-inner-masonry main_color'><div class=\"av-masonry-outerimage-container\"><div class='av-masonry-image-container'   ><img decoding=\"async\" width=\"705\" height=\"570\" class=\"wp-image-8311 avia-img-lazy-loading-not-8311\"  src=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/08\/Thailand-is-considering-a-new-Labor-law-for-Work-from-Home-arrangements-705x570.png\" title=\"Thailand is considering a new Labor law for Work-from-Home arrangements\" alt=\"Thailand is considering a new Labor law for Work-from-Home arrangements\" srcset=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/08\/Thailand-is-considering-a-new-Labor-law-for-Work-from-Home-arrangements-705x570.png 705w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/08\/Thailand-is-considering-a-new-Labor-law-for-Work-from-Home-arrangements-600x485.png 600w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/08\/Thailand-is-considering-a-new-Labor-law-for-Work-from-Home-arrangements-300x242.png 300w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/08\/Thailand-is-considering-a-new-Labor-law-for-Work-from-Home-arrangements-768x621.png 768w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/08\/Thailand-is-considering-a-new-Labor-law-for-Work-from-Home-arrangements-495x400.png 495w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/08\/Thailand-is-considering-a-new-Labor-law-for-Work-from-Home-arrangements-845x684.png 845w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/08\/Thailand-is-considering-a-new-Labor-law-for-Work-from-Home-arrangements.png 990w\" sizes=\"(max-width: 705px) 100vw, 705px\" \/><\/div><\/div><figcaption class='av-inner-masonry-content site-background'><div class='av-inner-masonry-content-pos'><div class='av-inner-masonry-content-pos-content'><div class='avia-arrow'><\/div><h3 class='av-masonry-entry-title entry-title '  itemprop=\"headline\" >Thailand is considering a new Labor law for Work-from-Home arrangements<\/h3><div class='av-masonry-entry-content entry-content'  itemprop=\"text\" >23\/08\/2022<br \/>\r\nThe Thai parliament has recently passed the first reading of the so-called Work-from-home Bill, which seeks to amend the country\u2019s Labour Protection Act (LPA).<\/div><span class='av-masonry-date meta-color updated'>August 23, 2022<\/span><span class=\"av-masonry-text-sep text-sep-author\">\/<\/span><span class='av-masonry-author meta-color author'><span 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